Fall Protection Equipment Market Overview
Fall Protection Equipment is the system which is used to protect an individual in a fall from a working level. Fall Protection Equipment helps in preventing injuries and saves the life. Fall protection in construction helps and protect the employees from fall hazards. Fall Protection Equipment are specifically designed device used in preventing fall from occurring. Guardrails are specifically designed to reduce the fall risk at a working site where the fall risk is high. Concrete barriers, cable & wood posts, steel box beam, steel & metal posts are the different types of guardrails. Guardrails are used when the person is exposed to a fall from the height. Guardrails helps in reducing the serious injuries which are caused by roadway departure crashes. Full body harness and chest harness are the straps which are passed over shoulders, chest & legs and are worn to arrest the falls. Suspension body belts and full body harness are the most common body support widely used by workers who are working at construction sites. Use of Fall Protection Equipment in safety of an individual has push the growth of the market.
Key Market Insights:
- 2020 Valuation: The market stood at USD 2,934.86 Million.
- CAGR: The expected growth rate from 2020 to 2030 is 6.7%.
- Future Forecast: By 2030, the market will reach USD 5032.20 Million.
Fall Protection Equipment Market Drivers & Restraints
Rise in construction, disposable income and rate of urbanization
Rise in construction, disposable income of an individual is one of the leading factors for the global Fall Protection Equipment market growth. Disposable income allows the consumer to enhance their lifestyle and spend more on luxury houses, coupled with scope of investment. Moreover, increasing urban population is one of the driving factors for the Fall Protection Equipment market. Urban culture affects the person’s living lifestyle. Rise in urbanization has led to growth in construction of residential buildings. Urbanization has given rise in construction due to economic growth. Fall Protection Equipment are in demand by workers which keeps them safe from fall who are working at construction sites. Unfinished roofs, unsafe ladders, tripping, slipping at construction sites causes fall and serious injuries. To avoid the fall at construction site the Fall Protection Equipment are necessary. According to data published by United Nations in 2018, about 55% of the world’s population resided in urban areas, and it is projected that this percentage will increase over the forecast period. However, the growth in construction, disposable income and population in urban areas boosts the demand for Fall Protection Equipment.
Technological advancement
Manufactures involved in Fall Protection Equipment market are developing advanced versions of their products due to new age technological advancements. The emerging technology has focusing on developing the systems which are specially designed to improve the quality of life, especially for the elders. New advancements in Fall Protection Equipment has fueled the growth of the market. For instance, in 2018, the Novel Sensing Technology in fall risk assessment for older adults has become potential to provide the inexpensive, easy to implement and accurate fall risk assessment. This improved technology helps in measuring parameters, modelling techniques, movement tasks, sensor sites to conclude their ability in predicting the future falls which will help in protecting older people from fall risk.
Restrains:
However, fall arrest devices can cause significant trauma because of involvement of vertical suspension which may somewhat restrain the growth of the target market.
Fall Protection Equipment Market Segmentations & Regional Insights
The global Fall Protection Equipment market is segmented based on type, application, and region.
On the basis of type, the global Fall Protection Equipment market is segmented into Safety Nets, Chest Harness, Body Belts, Full Body Harness, Guardrail, and others. On the basis of application, the target market is classified into Mining, Energy & Utility, Transportation, Construction, General Industries, and others.
Regional Insights:
On region the global Fall Protection Equipment market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia-pacific market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as India and China, and technological advancements. Moreover, rising presence of industrial corridor and rise in production and consumption of fall protection is anticipated to increase demand for Fall Protection Equipment in the region.
Report Scope:
Attribute |
Details |
Base year for estimation |
2020 |
Forecast period |
2020 – 2030 |
Market representation |
Revenue in USD Million & CAGR from 2020 to 2030 |
Market Segmentation |
By Type - Safety Nets, Chest Harness, Body Belts, Full Body Harness, Guardrail, and others By Application – Mining, Energy & Utility, Transportation, Construction, General Industries, and others
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global Fall Protection Equipment market report based on type, application, and region:
Global Fall Protection Equipment Market, By Type:
- Safety Nets
- Chest Harness
- Body Belts
- Full Body Harness
- Guardrail
- Others
Global Fall Protection Equipment Market, By Application:
- Mining
- Energy & Utility
- Transportation
- Construction
- General Industries
- Others
Global Fall Protection Equipment Market, By Region:
- North America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- U.S.
- Canada
- Middle East & Africa
Fall Protection Equipment Market Competitive Landscape & Key Players
The key players operating the global Fall Protection Equipment market includes, GF Protection Inc., 3M Company, MSA Safety Inc., Honeywell International Inc., Werner Co., French Creek Production, Kwik safety, Guardian Fall Protection, Tritech Fall Protection, Kee Safety, Pure Safety Group Inc., Bergman & Beving AB, SKYLOTEC GmbH, Carl Stahl GmbH, FallTech and others. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in 2017, the FallTech launched the new Kernmantle Rope with horizontal lifeline which helps to keep the workers safe which includes the components which can set up easily & are effective temporary lifeline system for continuous fall protection.
Fall Protection Equipment Market Company Profile
- FallTech
- GF Protection Inc.
- 3M Company
- MSA Safety Inc.
- Honeywell International Inc.,
- Werner Co.
- French Creek Production
- Kwik safety
- Guardian Fall Protection
- Tritech Fall Protection
- Kee Safety
- Pure Safety Group Inc.
- Bergman & Beving AB
- SKYLOTEC GmbH
- Carl Stahl GmbH
Fall Protection Equipment Market Highlights
FAQs
The Fall Protection Equipment market is segmented into Type, Application and Region.
The Fall Protection Equipment market is driven by factors such as rise in construction, disposable income, rate of urbanization and technological advancement.
By region, the Fall Protection Equipment market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia-pacific market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as India and China, and technological advancements.
The key players operating the Fall Protection Equipment market includes, GF Protection Inc., 3M Company, MSA Safety Inc., Honeywell International Inc., Werner Co., French Creek Production, Kwik safety, Guardian Fall Protection, Tritech Fall Protection, Kee Safety, Pure Safety Group Inc., Bergman & Beving AB, SKYLOTEC GmbH, Carl Stahl GmbH, FallTech and others.